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Lot 20

6 week completion

SITUATION

Located in this prime trading position within the heart of the historic city centre close to the junction with Butter Market, only a few yards from Canterbury Cathedral (World Heritage Site) opposite Debenhams and close to most nationally known multiples such as Marks & Spencer, Primark, Pret A Manger, Santander and a host of eateries and specialist traders.

Canterbury is a world famous city which lies some 15 miles north-west of Dover and benefits from good road links via the A2 and the M2 (J1).

PROPERTY

An attractive Grade II Listed building comprising a Ground Floor Shop with internal access to Storage on basement, first, second and third floors.

VAT is applicable to this Lot

FREEHOLD

ACCOMMODATION

Ground Floor Shop
Gross Frontage 20'5"
Internal Width 18'0"
Narrowing to rear 6'10"
Shop & Built Depth 54'8"
Sales Area Approx. 695 sq ft
Basement
Store Area Approx. 275 sq ft
First Floor
2 Rooms Area Approx. 445 sq ft
WC
Second Floor
2 Rooms Area Approx. 395 sq ft
WC
Third Floor
2 Rooms Area Approx. 295 sq ft
Total Area Approx. 2,105 sq ft

TENANCY

The entire property is let on a full repairing and insuring lease to London Souvenirs & Gifts Ltd (having 4 branches) for a term of 10 years from 21st October 2011 at a current rent of £52,500 per annum exclusive.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

14 Mercery Lane, Canterbury, Kent CT1 2JJ